SCOTTSDALE, Ariz., Dec. 17, 2012 /PRNewswire/ -- Healthcare Trust of America, Inc. ("HTA"), today announced the expansion of its internal property management platform to include 600,000 square feet of portfolio properties in the greater Atlanta market. The greater Atlanta portfolio is now directly managed by Healthcare Management of America, Inc., the company's management and leasing entity.
"Our dedicated property management platform is the next step in establishing HTA as the preferred landlord and owner for physicians in the markets where we operate," said Scott Peters, Chairman, Chief Executive Officer and President of HTA. "I'm pleased to report that after adding the Atlanta portfolio, we now internally manage nearly nine million square feet, or approximately 70 percent of our national portfolio. Direct property management is key to reducing costs and increasing scalability, which helps drive our growth and expansion strategy for the long-term benefit of our shareholders."
HTA's existing property management office on the south side of Atlanta houses eight employees dedicated to property management and engineering. To support the expansion of these services in the Southeast region, HTA will open a regional office in the north part of Atlanta to offer additional asset management, construction management and leasing capabilities. Newly appointed Southeast Regional Vice President Susan Dorr will oversee the management and leasing of all properties in the greater Atlanta region.
In addition to the Atlanta regional office, HTA has a Midwest regional office located in Indianapolis, IN. HTA's South - Southwest regional office is located in our corporate offices in Scottsdale, AZ.About Healthcare Trust of America, Inc. Healthcare Trust of America, Inc. (NYSE:HTA), a publicly traded real estate investment trust, is a fully-integrated, leading owner of medical office buildings. HTA listed its shares on the New York Stock Exchange on June 6, 2012. HTA is a full-service real estate company focused on acquiring, owning and operating high-quality medical office buildings that are located on the campuses of nationally recognized healthcare systems in the major U.S. metropolitan areas. Since its formation in 2006, HTA has built a portfolio of properties that totals approximately $2.6 billion based on purchase price and is comprised of approximately 12.5 million square feet of gross leasable area located in 27 states. For more information on Healthcare Trust of America, Inc., please visit www.htareit.com. FORWARD-LOOKING LANGUAGE This press release contains certain forward-looking statements. Forward-looking statements are based on current expectations, plans, estimates, assumptions and beliefs, including expectations, plans, estimates, assumptions and beliefs about HTA, stockholder value and earnings growth.
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